Name the revenue collection system introduced by Lord Cornwallis

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Permanent Settlement system

Mahalwari System

Rytowari System

None of the above

answer is A.

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Detailed Solution

The revenue collection system introduced by Lord Cornwallis was the Permanent Settlement system. Lord Cornwallis introduced it in 1793. The system was mainly introduced in the areas of Bengal and Bihar. According to this settlement, 10/11 of the production was given as tax to the British East India Company, and only 1/11 was left with the zamindars. Land revenue was fixed, thereby giving a regular income to the Company. They did not directly collect the tax. It was taken care of by zamindars and other mediators. Therefore, the Company did not face any issues with the collection of taxes.

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